[USN-Retired]

Amen!

[opinionist]

Hindsight always tells you the things that could have been. I wish the people who invest in BTC well, but I have never seen the tangible value that would make me want to put my savings there. I can see the value of cryptocurrency coins as a tool for transferring money, and the most useful ones will have the most significant value. There is no limit to the number of cryptocurrencies, so competition is a risk when a better tool becomes available.

[Chickx729]

Easiest way to explain. You missed the boat...as did I
QUOTE=Rainger99;2443322]There are reports that an anonymous person who made a $7,800 investment in bitcoin in 2011 has just touched their wallet for the first time in 14 years…

He’s now worth $1.1 BILLION.

At the start of 2011, a bitcoin was only $.30 and only reached the dollar mark in February 2011!! It is $109,000 today. I wish I had put $10 in bitcoin back then.

And can anyone explain it??[/QUOTE]

[JayBee]

Indeed. Warren Buffet referred to bitcoin as rat poison

[Topspinmo]

Originally Posted by SaucyJim

Hmm. To some, we live in a snooty, gated community.

Just a thought.

No just lot of snoots….

[Topspinmo]

Originally Posted by Chickx729

Easiest way to explain. You missed the boat...as did I
QUOTE=Rainger99;2443322]There are reports that an anonymous person who made a $7,800 investment in bitcoin in 2011 has just touched their wallet for the first time in 14 years…

He’s now worth $1.1 BILLION.

At the start of 2011, a bitcoin was only $.30 and only reached the dollar mark in February 2011!! It is $109,000 today. I wish I had put $10 in bitcoin back then.

And can anyone explain it??

[/QUOTE]

If I was that dud I cash in.

[justjim]

Originally Posted by Rainger99

There are reports that an anonymous person who made a $7,800 investment in bitcoin in 2011 has just touched their wallet for the first time in 14 years…

He’s now worth $1.1 BILLION.

At the start of 2011, a bitcoin was only $.30 and only reached the dollar mark in February 2011!! It is $109,000 today. I wish I had put $10 in bitcoin back then.

And can anyone explain it??

There “was/is” a company that sold soap and then some other things that was very popular 35 years or so ago in its prime. Some made so much money that they built huge mansions and stadiums. You could call it a pyramid scheme or maybe Ponzi scheme. Whatever those that get in early make lots of money but those subsequent that get in not so much. Buffet doesn’t care for bitcoin and he is a much better investor than me. I will pass too.

[Aces4]

Originally Posted by JayBee

Indeed. Warren Buffet referred to bitcoin as rat poison

I would think that Warren Buffet feels anything that pulls money away from the stock market is rat poison. I'll bet he also never invested in Bitcoin and missed the boat, that has to burn a little.

[justjim]

Originally Posted by Cuervo

I know lots of people made a lot of money and lots of people also lost a lot of money.
I'm one of those who believe it the old idiom, "If it sounds too good to be true it usually is".
To me this sounds like a pyramid scheme on steroids.
Though the dollar does not have the supporting value it once had, it still does have value.
Bitcoin's value as I understand it is based on demand, which means if the demand diminishes so does the value.

You are spot on.

[Boffin]

Could have, would have, should have. 20/20 hind sight.

[skarra]

“There are reports” and “anonymous person” are tricks politicians use to push lies.

Don’t fall for it.

[justjim]

Originally Posted by skarra

“There are reports” and “anonymous person” are tricks politicians use to push lies.

Don’t fall for it.

And that has something to do with bitcoin?

[SoCalGal]

Originally Posted by Cuervo

To me this sounds like a pyramid scheme on steroids. Though the dollar does not have the supporting value it once had, it still does have value. Bitcoin's value is based on demand, which means if the demand diminishes so does the value.

Exactly right.

[jimbomaybe]

Originally Posted by Aces4

I would think that Warren Buffet feels anything that pulls money away from the stock market is rat poison. I'll bet he also never invested in Bitcoin and missed the boat, that has to burn a little.

Perhaps his distain for bitcoin has something to do with its "value" , it has no value other than what is driven by the greed/fear factor, produces nothing. My credentials ,, I took a very small position in TESLA, not much more than an IPO, I was up 125%, thinking to add substantially, but then thinking you never go broke taking a profit, sold out, that's why my advice is free.

[Rainger99]

Originally Posted by Cuervo

Bitcoin's value as I understand it is based on demand, which means if the demand diminishes so does the value.

Isn’t that true for everything?
Gold, Amazon stock, Villages houses - new and pre-owned!